Monthly Archives: September 2018
Pimco Hires Ex-Blackstone’s Studzinski to Advise Top Clients
(Bloomberg) Pacific Investment Management Co. hired John Studzinski, the former Blackstone Group executive who made his reputation in London and on Wall Street as an investment banker, to a newly created role working with the firm’s largest investors. To read […]
Cargill Hedge Fund CarVal Says Rejected Approach by Schroders
(Reuters) British asset manager Schroders (SDR.L) expressed interest in buying CarVal Investors in May but the hedge fund that is owned by U.S. agri group Cargill said it was not for sale, a CarVal executive said. To read this article:
When Will the Bleeding Stop in Emerging Markets
(Bloomberg) Hedge funds haven’t been this bearish for years. In the last month, funds quickly sold down their positions in emerging markets to levels last seen in August 2015, when China scared the world with a surprise devaluation, and early […]
N.Y. Advisory Firm and Principal Charged with Fraud Relating to Association with Barred Adviser
(HedgeCo.Net) The Securities and Exchange Commission has charged a Buffalo, N.Y., investment advisory firm and its owner for misleading firm clients about its association with a barred investment adviser, who is also being charged for violating the bar. The SEC’s […]
Sanofi Charged With FCPA Violations
(HedgeCo.Net) Paris-based pharmaceutical company Sanofi has agreed to pay more than $25 million to resolve charges that its Kazakhstan and the Middle East subsidiaries made corrupt payments to win business. According to the SEC’s order, the schemes spanned multiple countries […]
Hedge Funds Face a New Threat From Richest Families in Asia
(Bloomberg) They’ve already come for the talent, poaching traders from the likes of Millennium Management LLC. Now Asia’s family offices are going after the hedge fund industry’s clients, too. Take Tolaram Group, which runs a $500 million family office in […]
New Hedge Fund Management Fees Edge Higher
(Hedgeweek) North American hedge funds which launched in 2018 are charging 1.46 per cent management fees on average, marginally higher than the global industry average of 1.40 per cent, according to data released by EurekaHedge. The last two years have […]
Four Seasons Asia predicts Godzilla moment will create positive change in Japan
(Hedgeweek)Four Seasons Asia, a long only and long/short investment house focused on Japan, is to launch a Japan-dedicated UCITS fund. To read this article:
PTDL Group to merge with Global Blockchain Business Council
(Hedgeweek) The Post-Trade Distributed Ledger (PTDL) Group, which brings together major post-trade industry participants and regulators to share information and ideas about how distributed ledger technology can transform the post-trade landscape, is to merge with the Global Blockchain Business Council […]
CTAs lead the hedge fund pack in August
(Hedgeweek) In the hedge fund space during August, CTAs outperformed and delivered positive returns in the range of 2-3 per cent depending on the benchmark, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team To read this […]
SEC Charges Cannabis Investment Fund and Founder in Fraudulent Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged a Texas-based investment fund and its founder with defrauding investors with false promises of massive returns in cannabis-related businesses. The SEC also issued an alert to warn retail investors about marijuana-related securities […]
Institutional Investors Have High Hopes for Hedge Funds in 2019
(aiCIO) Optimism remains bright for the hedge fund industry as two thirds of institutional investors were happy with their hedge fund returns over the past year, data firm Preqin reports. Out of 530 investors surveyed in June, 66% were pleased […]